Financial Cooperatives and Local Development

Financial Cooperatives and Local Development
ISBN-10
1136253599
ISBN-13
9781136253591
Category
Business & Economics
Pages
238
Language
English
Published
2013-05-02
Publisher
Routledge
Authors
Silvio Goglio, Yiorgos Alexopoulos

Description

This book examines the opportunities opened up for financial cooperatives by the recent financial crisis, and explores the role of these institutions in promoting and sustaining local development. The global financial crisis has not only shown the limits of the mainstream theory of markets and rational expectations, but has also generated a great deal of disillusionment with the banking system and underlined the importance of a healthy society for the welfare of the individual. Consequently, new and innovative ways of providing finance are needed, especially for strengthening the development of local societies.

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